After the Jump

ICMyLsf

After the huge jump in the Russell 2000 last Friday, it has been a steady grind higher.

On the updated 30-minute small cap ETF chart, below, note that $115.20 is still the upside level for bulls to clear next, while $114 remains key for buyers to defend as support. Until that range resolve the choppy action continues.

There marquee stocks are mixed again, with FB UA shooting higher while NFLX remains weak.

What are you trading out there?

_____________________________________________________________________

IWM

 

Facebook a Standout Even Among the Leaders

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday. 

…plenty of marquee, growth issues which corrected sharply this spring have not fully-healed the technical damage sustained. 

Still, Friday’s rally is a good reminder that the risk to the cautious approach is that we see a melt-up to perhaps inflict maximum pain on bearish or underinvested market players. Should that occur, leaders like FB GOOG are likely to prove profitable for bulls. Compared to other prominent issues, such as NFLX PCLN TSLA Z, I view Facebook and Google’s charts as more promising to lead any further strength in the market. Note that Facebook’s earnings are this Wednesday.

Please click here to continue reading

Stock #Market Recap 07/23/14 {Video}

If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

Enjoy tonight’s video, and enjoy your evening. 

Direct Vimeo Link Click Here

Foster’s: Australian for Breakout

fosters_australia

12631 member “JFB” noted the constructive price action in the Australia country ETF, seen below on the weekly timeframe going for a base breakout.

With this in mind, BHP makes a logical play to keep on the radar as a long idea if this Australia breakout holds true, over $27.

_______________________________________________________

EWA

Summertime Blues for Commodities

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday. 

The precious metals and miners continue to attempt to hold consolidations without breaking down. Traders should still have them on watch to see if another leg higher materializes.

But commodities as a whole, after starting off 2014 with a bang, have not impressed this summer, with natural gas and corn particularly disappointing in their downside price action.

If there is to be another commodity rally in 2014, coffee and crude oil appear to be ripe to break higher from their respective weekly chart, orderly consolidations, seen below. Traders should be on watch for signs of emerging strength in JO and USO this week for potential long trades.

Please click here to continue reading

Mind the Fade

922830_c4ff_625x1000

The major averages remain mixed, with the Nasdaq outperforming.

That said, some earnings pops like BRCM and especially VMW are fading as I write this.

Keep an eye on Vmware to see if it can recover by the end of the session. If not, I suspect a short setup may be had, with a stop over $100 for the cover.

_______________________________________________________________

VMW

After the Jump

ICMyLsf

After the huge jump in the Russell 2000 last Friday, it has been a steady grind higher.

On the updated 30-minute small cap ETF chart, below, note that $115.20 is still the upside level for bulls to clear next, while $114 remains key for buyers to defend as support. Until that range resolve the choppy action continues.

There marquee stocks are mixed again, with FB UA shooting higher while NFLX remains weak.

What are you trading out there?

_____________________________________________________________________

IWM

 

Facebook a Standout Even Among the Leaders

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday. 

…plenty of marquee, growth issues which corrected sharply this spring have not fully-healed the technical damage sustained. 

Still, Friday’s rally is a good reminder that the risk to the cautious approach is that we see a melt-up to perhaps inflict maximum pain on bearish or underinvested market players. Should that occur, leaders like FB GOOG are likely to prove profitable for bulls. Compared to other prominent issues, such as NFLX PCLN TSLA Z, I view Facebook and Google’s charts as more promising to lead any further strength in the market. Note that Facebook’s earnings are this Wednesday.

Please click here to continue reading

Stock #Market Recap 07/23/14 {Video}

If you enjoy my blog posts and videos, then I would encourage you to please click on this 12631 hyperlink for more details about joining our great team of traders at a very reasonable price. 12631 is a trading service which @RaginCajun and I direct here at iBankCoin.

Enjoy tonight’s video, and enjoy your evening. 

Direct Vimeo Link Click Here

Foster’s: Australian for Breakout

fosters_australia

12631 member “JFB” noted the constructive price action in the Australia country ETF, seen below on the weekly timeframe going for a base breakout.

With this in mind, BHP makes a logical play to keep on the radar as a long idea if this Australia breakout holds true, over $27.

_______________________________________________________

EWA

Summertime Blues for Commodities

The following is just a small excerpt from my latest Weekly Strategy Session (please click on that hyperlink for details about trying it out). which I published for members and 12631 subscribers this past Sunday. 

The precious metals and miners continue to attempt to hold consolidations without breaking down. Traders should still have them on watch to see if another leg higher materializes.

But commodities as a whole, after starting off 2014 with a bang, have not impressed this summer, with natural gas and corn particularly disappointing in their downside price action.

If there is to be another commodity rally in 2014, coffee and crude oil appear to be ripe to break higher from their respective weekly chart, orderly consolidations, seen below. Traders should be on watch for signs of emerging strength in JO and USO this week for potential long trades.

Please click here to continue reading

Mind the Fade

922830_c4ff_625x1000

The major averages remain mixed, with the Nasdaq outperforming.

That said, some earnings pops like BRCM and especially VMW are fading as I write this.

Keep an eye on Vmware to see if it can recover by the end of the session. If not, I suspect a short setup may be had, with a stop over $100 for the cover.

_______________________________________________________________

VMW